Regulatory Alerts2024-07-25
Guidance Notice for Marketing According to § 320 KAGB
The Federal Financial Supervisory Authority (BaFin) issued this guidance to standardize the notification procedure for marketing EU and foreign alternative investment funds (AIFs) to retail investors in Germany under Section 320 of the KAGB. It mandates electronic submissions via encrypted email or the MVP-Portal, specifies a EUR 1,641 fee per fund or investment compartment, and establishes a 20- to six-month review period for BaFin’s confirmation. The notice further details required documentation, self-certification protocols, amendment procedures, and de-notification rules to ensure compliant market entry.
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